SPY vs TUSI
SPY vs TUSI
State Street SPDR S&P 500 ETF Trust vs Touchstone Ultra Short Income ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | TUSI | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.25% | |
| AUM | $789.1B | $598M | |
| Dividend Yield | 1.01% | 5.15% | |
| Holdings | 505 | 215 | |
| YTD Return | +13.28% | +0.82% | |
| 1Y Return | +23.94% | +2.76% | |
| 3Y Return (annualized) | +21.07% | +4.93% | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.3% | 0.8% | |
| Max Drawdown | -56.5% | -0.6% | |
| Fund Family | State Street Investment Management | Touchstone Investments | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Aug 4, 2022 |
SPY vs TUSI Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Touchstone Ultra Short Income ETF (TUSI) is a ETF from Touchstone Investments. Over the past year SPY returned +23.94% while TUSI returned +2.76%. Year to date, SPY is up 13.28% versus a gain of 0.82% for TUSI.
Over three years, SPY compounded at +21.07% per year against +4.93% for TUSI. Across the full 4-year window we track, SPY has the edge at +8.84% annualized vs +4.81%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 0.8% for TUSI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for SPY and -0.6% for TUSI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.12. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TUSI charges 0.25%. On a $10,000 position that is $9 vs $25 annually, a gap of $16 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 5.15% for TUSI.
Holdings Overlap
SPY and TUSI share 0 holdings out of 622 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or TUSI?
SPY has an expense ratio of 0.09% while TUSI charges 0.25%. SPY is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, SPY or TUSI?
Over the past year SPY returned +23.94% vs +2.76% for TUSI, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +8.84% vs +4.81% for TUSI. Past performance does not guarantee future results.
Which is riskier, SPY or TUSI?
SPY has been the more volatile fund at 15.3% annualized versus 0.8% for TUSI. Worst drawdown: SPY -56.5% vs TUSI -0.6%.
Should I hold both SPY and TUSI?
SPY and TUSI have a monthly-return correlation of 0.12, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TUSI?
SPY and TUSI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 622 unique securities.
Which pays a higher dividend, SPY or TUSI?
SPY yields 1.01% while TUSI yields 5.15%, so TUSI currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.